Department of the Treasury

Connecticut, Indiana, Nebraska, North Dakota, and Arkansas won approval from the Department of the Treasury to use Coronavirus Capital Projects Fund allocations to support broadband infrastructure designed, upon project completion, to deliver reliable internet service that meets or exceeds symmetrical download and upload speeds of 100 megabits per second (Mbps), speeds that are needed for a household with multiple users to simultaneously access the intern

The US Department of the Treasury approved Delaware’s plan to invest $40.3 million of Capital Projects Fund funding in nine libraries to provide communities with public access to the internet and expanded resources. Delaware’s plan states that each of the library projects will provide access to highspeed internet for community members who may lack access in their homes. Capital Projects Fund dollars will be used to construct new or expand existing libraries in Delaware to meet the needs of identified communities.

The US Department of the Treasury announced the approval of an additional group of four states under the American Rescue Plan’s Coronavirus Capital Projects Fund (CPF): Kansas, Maine, Maryland, and Minnesota:

The Department of the Treasury announced the first group of plans approved under the American Rescue Plan’s Coronavirus Capital Projects Fund (CPF). The CPF provides $10 billion to states, territories, freely associated states, and Tribal governments to fund critical capital projects that enable work, education, and health monitoring in response to the public health emergency.

The American Rescue Plan (ARP) represents a historic commitment to support those most impacted by COVID-19. While the legislation itself embodied this commitment in numerous ways, the key to the success of the ARP’s programs lies in their implementation. The Department of the Treasury’s Office of Recovery Programs has worked closely with the White House and across federal agencies to execute a coordinated strategy to support people in underserved communities across the country.

Secretary of the Treasury Janet Yellen delivered remarks on digital assets policy, innovation, and regulation at American University's (DC) Kogod School of Business Center for Innovation. "A few weeks ago, President Biden signed an Executive Order calling for a coordinated and comprehensive government approach to digital asset policy," Yellen said. "Digital assets have grown explosively, reaching a market cap of $3 trillion last November from $14 billion just five years prior.